THE PROBLEMS OF NEW BANK IN NIGERIA
CHAPTER ONE
1.0 Introduction
Government established bank money for development purposes and the vole of banking industry in an economic development cannot be over emphasized. Government owns some banks, for example, first Bank of Nigerian and so on. Both banks. However, banks in Nigerian and other countries of the worlds are established to carry out the following functions;
- Government of loans to customers
- Safeguarding of customers money and some valuable assets such as certificates and so on.
- Management of customers’ investment and advising on insurance matters.
- Providing facilities for the financing of international trade, example documentary credit.
- Creating money by the central bank of that country.
- Mobilization of saving and other deposit.
- Providing advisory services.
- Providing foreign exchange facilities for traders.
- Night safe facilities to customers.
- Agency services to customers who authorized their banks to pay and collect cheques on their behalf.
However, the above function and duties of banks is just to mention but a
few because banking industry is dynamic in nature. It varies on public confidence and due to the influence on the nations economic life, it needs high quality management and organizational structure with which it can attain maximum operating efficiency and profitability .
Since the advert of structural adjustment programme [SAP] and its deregulation − policies , banking industry in Nigeria has been receiving a number of policy shocks and the new banks felt it most . Such policy or guideline include :- The central bank of Nigeria guidelines on reserve requirement and limited capital base for establishment of new banks.
Other direction are the withdrawal of government banks . The payment of interest on current account cancellation of foreign denominated loans . The liberalization of foreign exchange market and the introduction of the controversial national deposit insurance corporation .
1.1 Statement Of The Problem
The major problems facing new banks in Nigeria has its origin from central bank [CBN] guideline or directive. These directives of two types; −
- Directive on the establishment of new banks.
- Measures introduced to reduce liquidity in the economy.
These measures which the government pursue in this regard lies with the withdrawal of deposits of Parastatals and other government agencies from financial intermediaries
Other includes the cancellation of foreign exchange markets.
These measure are enforced at the same period and at a time when liquidity ratio have already one high. These affected the new rules rustically because of their climate capital base. Secondly, the economic restructure programme gave rise to the devaluation of the naira as it sought for the actual value of naira in the international market. Such devaluation consequently led to high cost of materials and fixed asset, which affect the development of new banks.
1.2 Objectives Of The Study
This work aims of investigating into the problems of new banks in Nigeria with a view to as certainly how for the new banks have been faring as regard these problems and to recommended appropriate remedies that will minimize the problems. This study is also an attempt to suggest ways in which these problems can be avoided in the future taking into consideration the adage that suggest a prevention better than cure’’
1.3 Significance Of The Study
This study will be of great importance to the government who usually comes out with policies that affect the banks and the entire economy. It will help us to understand the effect of such policies whether they are negative or positive to the Nigeria economy and also will act as guideline for policies market on how best to market on how best to make such policy and encounter policies.
This work will also be of immeasurable worth to the banks, as it will show then how far they have coping apart from suggesting possible solutions to these problems facing them. Movement it will been useful to individual may wish to go into banking business in knowing before land that the do not make profit from a platter of gold. They face problems like any other industry.
Finally , this research work will serve as an additionally to the existing literature in the area of banking, finance and policy programme to enhance economic development of the country and the world at large beside serving as effluence for further researchers on the field.
1.4 Statement Of Hypothesis
In other to employ a scientific approach to the realization of the objectives of this reseach work the following hypothesis were analyzed.
- Ho: the central bank policies are favorable to new banks
- Hi: the central banks policies are unfavorable to new banks
1.5 Scope Of The Study
This research work concentrate on problems of the new banks in Nigeria. It will also serve as an addition to the existing literature in the area of banking, finance and policies programme to enhance economic development of the country and the world at large.
1.6 Limitation Of The Study
In the process of carrying Out this researcher were entered which limited the scope of the reseach work. The abstract include:
a. Lack Of Data Collection:
The problem of easily getting an appropriate data due to redaction and bureaucury, which lenders the information, flow in the country.
b. Lack Of Co-Operation:
The researcher was also limited by the unwilling of certain managers cum officers to disclose important information for the project.
c. Lack Of Finance:
Due to inability to get enough finance while writing the project has limited the area of coverage of the reseach work.
d. Time Constraint:
Because of time, only libraries and organization enugu like IMT library, ESUT library National Libraryandalso National Achieves Enugu
1.6 Definition Of Terms:
CBN:
The central bank of Nigeria stands as the apex of the banking system in the economy. They are the representatives of the government in the banking sector and mainly acts as banker to the government. They also advice the government on monetary policy and implementation the policy on behalf of the government
NDK:
National deposits insurance corporation. This is a co-operate that was establishment by the federal government in Nigeria requiring all the banks to insure each deposit account up to fifty thousand naira. It was established to protect depositors fund against bank failures.
Monetary Policy:
Is policies that deal with the discretion and control of monetary authorities in other to achieve stated on desired economic goals.
Corporate Strategy:
The general nature of a firm’s relationship with its environment especially its customers and competitors.
A firms corporate strategy may be described in terms of product it offer the market sharp market of growth and the way in which it’s since resources are allocated to its various activities.
CHAPTER TWO
2.0 Literature Review
2.1 Introduction
The review of relevant literature is the main topic of this chapter. A literature review covers theoretical and methodological contributions to a certain issue in addition to the state of knowledge at the time of writing. It provides information about the state of the art in relation to the subject you are writing about. It examines the body of work on the chosen subject. The literature evaluation in this study comprises the …
Procedure for Downloading the PDF (Docx) Material
The Problems of New Bank in Nigeria can be downloaded by requesting the full set of materials at the project or seminar cost. The document will be sent via Microsoft Word (MS-Word) format via WhatsApp (e-mail) following payment confirmation.
| Seminar Material Cost ₦3,000 | Project Material Cost ₦5,000 |
Request Complete Material
 | Click here to request the Complete Material via WhatsApp including;
|
TABLE OF CONTENTSPRELIMINARY PAGES
- Title page
- Approval page
- Dedication
- Acknowledgement
- Table of Contents
- Abstract
INTRODUCTION
- 1.0 Introduction
- ⋮
LITERATURE REVIEW
- 2.1 Introduction
- 2.2 Conceptual Review
- 2.3 Theoretical Framework
- ⋮
- 2.4 Empirical Studies
- 2.5 Research Gaps
- 2.6 Summary of Literature Review
CHAPTER THREE
RESEARCH METHODOLOGY
- 3.1 Introduction
- 3.2 Research Design
- 3.3 Population of Study
- 3.4 Sampling and Sampling Technique
- 3.5 Validation of Research Instrument
- 3.6 Method of Data Collection
- 3.7 Method of Data Analysis
- 3.8 Questionnaire Administration
- 3.9 Ethical Consideration
- 3.10 Statistical Analysis
CHAPTER FOUR
DATA ANALYSIS, RESULT AND DISCUSSION
- 4.1 Introduction
- 4.2 Presentation and Analysis of Data
- 4.3 Re-statement of Research Questions
- 4.4 Test of Hypotheses
- 4.5 Discussion of Findings
CHAPTER FIVE
SUMMARY, CONCLUSION AND RECOMMENDATION
- 5.1 Introduction
- 5.2 Summary of Findings
- 5.3 Conclusion
- 5.4 Recommendation
- 5.5 Suggestion for Further Study
REFERENCES
APPENDIX A - “QUESTIONNAIRE”
Disclaimer for Complete Material Utilization
The displayed research work titled "The Problems of New Bank in Nigeria" is stated as a research guideline towards accomplishing your assigned project / seminar research work. All the research materials on this website are ONLY for research purposes and should be used as a guideline in developing your research work. For no reason should you copy word for word as projectlist.com.ng will not be liable for any who copied the material. By ordering the complete research guideline, it signifies that you've accepted our terms of service.
PRELIMINARY PAGES
- Title page
- Approval page
- Dedication
- Acknowledgement
- Table of Contents
- Abstract
INTRODUCTION
- 1.0 Introduction
- ⋮
LITERATURE REVIEW
- 2.1 Introduction
- 2.2 Conceptual Review
- 2.3 Theoretical Framework
- ⋮
- 2.4 Empirical Studies
- 2.5 Research Gaps
- 2.6 Summary of Literature Review
CHAPTER THREE
RESEARCH METHODOLOGY
- 3.1 Introduction
- 3.2 Research Design
- 3.3 Population of Study
- 3.4 Sampling and Sampling Technique
- 3.5 Validation of Research Instrument
- 3.6 Method of Data Collection
- 3.7 Method of Data Analysis
- 3.8 Questionnaire Administration
- 3.9 Ethical Consideration
- 3.10 Statistical Analysis
CHAPTER FOUR
DATA ANALYSIS, RESULT AND DISCUSSION
- 4.1 Introduction
- 4.2 Presentation and Analysis of Data
- 4.3 Re-statement of Research Questions
- 4.4 Test of Hypotheses
- 4.5 Discussion of Findings
CHAPTER FIVE
SUMMARY, CONCLUSION AND RECOMMENDATION
- 5.1 Introduction
- 5.2 Summary of Findings
- 5.3 Conclusion
- 5.4 Recommendation
- 5.5 Suggestion for Further Study
REFERENCES
APPENDIX A - “QUESTIONNAIRE”
Disclaimer for Complete Material Utilization
The displayed research work titled "The Problems of New Bank in Nigeria" is stated as a research guideline towards accomplishing your assigned project / seminar research work. All the research materials on this website are ONLY for research purposes and should be used as a guideline in developing your research work. For no reason should you copy word for word as projectlist.com.ng will not be liable for any who copied the material. By ordering the complete research guideline, it signifies that you've accepted our terms of service.
Frequently Asked Questions (FAQ)
Can the material for “Performance Appraisal and Organizational Effectiveness” be used as a guide for Business Administration and Management (BAM) Project?
Yes it can be used — The study investigated performance appraisal and organizational effectiveness with a view to assessing the impact of performance on firm’s productivity, employees’ satisfaction and adaptability. To actualize these objectives, the study adopted the survey research design, involving the design and administration of questionnaire to respondents drawn from Nigeria Bottling Company plc Benin City. The population size consists of 100 employees of the firm while the sample size used is 70. The research relied on the primary data i.e questionnaire. Upon presenting and analysis of data, it was discovered using Chi-square test that there is a significant relationship between quality performance appraisal, organizational effectiveness, employees’ initiative and organizational effectiveness amongst others. The study concludes that performance appraisal is a critical aspect of …
Can this topic “Effect of Motivation on Employees Productivity” be used for Industrial Relations and Personnel Management (IRPM) Project?
Yes it can be utilized for research — The purpose of this research work is to examine the effects of motivation on employees’ productivity in organizations in Nigerian workplace. First bank Nigeria Plc was use as the case study. The study has provided the conceptual framework upon which motivational programs in First Bank Nigeria Plc. Workplace are based as well as the type of activities and skills that are involved. The focus is on such programs that will help employees deal with personal problems that might affect their productivity. The research work covers the fundamentals rudiments of employee motivational process and the appropriate steps needed to successfully implement the findings. It also addresses the values and culture of the Nigerianazation norms that may affect the success of implementation. A questionnaire was …
Is the topic “Design and Implementation of a Web Based Clearance System for Graduating Students” recommended for Computer Science (CS) Project?
Yes it is highly recommended — Web Based Clearance System is an application software that allows the users to check their clearance status as whether they are in any way indebted to the school, fill and submit their clearance form, and obtain their clearance letter from registered emails. The aim of the study is to design and implement A Web Based Clearance System for Graduating Students. In achieving this aim, the following specific objectives were set up to design and develop an application system that will effectively and efficiently process students’ clearance using an android phone and provide a reliable and transparent system devoid of personal inclinations and interest. The motivation that led to the implementation of the proposed system is that for a graduating student …
Can the material for “The Influence of Inflation on Economic Development in Nigeria” be used as a guide for Economics Education Project?
Yes it can be used — Inflation is the continuous increase in price level that can lead to low productivity of the population is low the economy will not grow as it should. Money is a medium of exchange for goods and services and the strength and stability of the purchasing power of money can be affected by inflation which influences the ability of individuals to acquire goods and services. The study was carried out to investigate the Influence of Inflation on Economic Development in Nigeria. In achieving this aim, the following specific objectives were laid out to examine the effect of inflation on the economic growth of Nigeria, investigate the relationship between inflation and economic growth and in Nigeria. The research design used in this …
Can the material for “Automated Guest Information Tracking System” be used as a guide for Information System Project?
Yes it can be used — Guest Information comprises an individual’s data records and activities that process data and information in an organization and it includes the organization's manual and automated processes. The aim of this study is to design software that will serve as an electronic register to keep record of daily guest to the hotel. In achieving this aim, the following specific objectives were laid out to develop an application software that will provide an electronic register to keep record of guest visit to the Hotel and provide password to prevent unauthorized users from accessing and manipulating information. The motivation that led to the implementation of the proposed system is that keeping record of visitors in a Hotel has been a big task for the …
Can this topic “The Effect of Accountability and Transparency on the Performance of the Public Sector Organization” be used for Accountancy / Accounting Project?
Yes it can be utilized for research — In this research work titled effect of accountability and transparency on the performance of the public sector organizations with particular reference to central bank of Nigeria (CBN) Enugu branch. The researcher examined the influence of accountability and transparency on the performance of Nigerian public sector. Examined the effect of accountability and transparency on the development of Nigeria. Examined the effect accountability and transparency on the total revenue in the country. Data for the study were sourced from two main sources which include Primary and Secondary sources of data Collection. Primary data: questionnaires and oral interviews were used to collect information from the respondents. Secondary data: journals, and other relevant materials relating to the area of my investigation will be review. …
Can the material for “Overview of Computer Forensics” be used as a guide for Computer Science Education Project?
Yes it can be used — Computer forensics is the application of investigation and analysis techniques to gather and preserve evidence from a particular computing device in a way that is suitable for presentation in a court of law. The aim of the system is to design and implement a Computer Forensics System. In achieving this aim, the following specific objectives were set out to develop a computer based security and monitoring system for forensic experts, design a system that will capture, collect, analyze, preserve and present evidence of computer crime in an acceptable manner, develop a system that will replace some extent of human role in cases of unavailability of job and provide quick reference to an expert opinion. The methodology adopted in this study …
Can the material for “The Impact of Industrial Output on Economic Growth of Nigeria” be used as a guide for Economics Project?
Yes it can be used — This research work is on the “Impact of Industrial output on Industrial growth of Nigeria” between the period of thirty years [30] covered from 1980-2009. Impact of industrial output on economic growth of Nigeria is a continuous discussion to every economy especially developing economies which will give rise to economic growth and development of a nation. Secondary data was used on E-view 6.0 version package to regress the variables GDP = f [Industrial output, savings, net foreign capital flow and inflation]. Our findings indicate that the influence of Industrial output on economic growth is not statistically significant, though the sign obtained from its apriori expectation is positively related to GDP but does not hold strong enough . Savings has a positive relationship …
Can the material for “The Effect of Ligth Quality on the Structural Properties of Wheat Plants” be used as a guide for Agricultural Engineering (AE) Project?
Yes it can be used — The study examines the Effect of Light Quality on the Structural Properties of Wheat Plants in Nigeria. In achieving this aim, the following specific objectives were laid out to develop effective cultivation techniques of the plant, Effects of Different Light Quality on Growth, accumulation of total Triticum Aestivum and photosynthesis in wheat (Triticum aestivum) plant, and determine the Light Quality on the Structural Properties and it’s effect on Wheat Plants. The research design used in this report is descriptive design, utilizing questionnaire method to obtain information from the respondents for this project. Primary data were collected from the primary source which questionnaire was used as an instrument of data collection while secondary data were sources from textbooks, journals, newspapers and …
Can the material for “The Effect of Company Income Tax on Nigerian Economy” be used as a guide for Accountancy / Accounting Project?
Yes it can be used — This study investigated the impact of company income tax revenue on economic growth in Nigeria. This study used secondary data which was subjected to econometric analysis. The study made use of the judgmental sampling technique. The Central Bank of Nigeria (CBN) and Federal Inland Revenue Service (FIRS) have been chosen for the purpose of this study. The study employs the Ordinary Least Square Regression Technique in the analysis of the secondary data obtained from the Central Bank of Nigeria statistical Bulletin Using Eviews. The result of the regression analysis reveals company income tax was statistically significant at 5% level of significance using F-statistics and other statistical parameter. The study concludes that company income tax has significant impact on economic growth and living standard …